Oil at $175 a barrel? United Airlines CEO paints grim picture, to cut more flights

 United Airlines is cutting unprofitable flights over the next two quarters due to anticipated prolonged high jet fuel prices linked to the Iran conflict. Despite this, strong travel demand allows US carriers to raise fares, with United planning a roughly five percentage point capacity reduction this year. United Airlines is cutting unprofitable flights over the next two quarters due to anticipated prolonged high jet fuel prices linked to the Iran conflict. Despite this, strong travel demand allows US carriers to raise fares, with United planning a roughly five percentage point capacity reduction this year.